A choice of fee options shielded 401(k) sponsor from employee suit

摘要

Great news for benefits professionals: A federal appeals court has looked at a 401(k) plan with well-designed investment options and bounced the employees suing its sponsor out of court.rnThe employees claimed their employer, construction and agricultural machinery maker Deere & Co., violated ERISA by offering them only investment options with excessive fees.rnBalderdash, a federal appeals court said.